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Author Topic: If you won a (usd) $2 million dollar lottery  (Read 6272 times)
Magpieguy
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May 10, 2017, 10:02:48 AM
 #81

I would buy the best crypto with half of it and bank the rest.
I like the look of this new one just out.
The Unity Ingot.
Backed by the other good cryptos. Interesting.
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May 10, 2017, 10:19:01 AM
 #82

It is almost unrealistic, only lucky for the chosen. But if you are lucky enough to get this opportunity, then you need to start all means to build a business so that you can always be with money and be able to buy everything you want.
tigershark
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May 10, 2017, 10:37:19 AM
 #83

What would you do with your winnings?

 Smiley

Would you convert it to bitcoin or another alt currency?

Buy an expensive car? Maybe a house? Land?

Invest in the stock market or another investment?

Deposit in an IRA or long term interest accumulating account?

Maybe spend it all and live like a king (or queen) for a short time?

What would your financial plans be?

I would retire and put most of it in an interest bearing bank account where it is low risk.

Mang86
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May 10, 2017, 09:42:52 PM
 #84

I would instantly get M4 GTS and wrap it in Austin Yellow
Keelhaul
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May 10, 2017, 10:44:30 PM
 #85

I'd invest one third part into crypto, another one into gpu farms, and the rest I'd use to fix my current well-being.
HKGolden
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May 11, 2017, 03:08:00 AM
 #86

Must be travel around the world  Smiley

rawzeee
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May 11, 2017, 08:30:46 PM
 #87

#1 rule you need to know: tell no one ever.
bram_vnl
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May 11, 2017, 09:17:44 PM
 #88

I will buy my favorite coin

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cpugpumining
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May 11, 2017, 09:24:31 PM
 #89

Probably would buy a house.

Life is too short to remove USB devices safely.
Crypto_NX
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May 12, 2017, 01:20:34 PM
 #90

I probably earn 2$ million sooner))
surix
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May 12, 2017, 07:33:22 PM
 #91

Put half into very secure investments with low return.

Put 30% into a business that can generate an income, and can be developed.

Put the rest in to high risk investments like bitcoin.

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Maphistas
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May 12, 2017, 11:52:53 PM
 #92

What would you do with your winnings?

 Smiley

Would you convert it to bitcoin or another alt currency?

Buy an expensive car? Maybe a house? Land?

Invest in the stock market or another investment?

Deposit in an IRA or long term interest accumulating account?

Maybe spend it all and live like a king (or queen) for a short time?

What would your financial plans be?

I had a lot of thought about this when I was a kid and a variety of ideas crossed my mind after watching winners and losers of the lottery.  To begin, I would continue to work the first year of receiving the winnings because I would need time to diversify the winnings.  Treating myself and family will come in a planning strategy especially since the first year if I had taken the lump sum would deal with a double taxation from lottery institution and capital gains in the tax filing which there is nothing wrong or can't be avoided when IRS want their piece of tax dollars.  So the next step would be diversifying the rest to build streams of capital starting with saving some in the bank as an escrow/emergency prior to investing into ventures such as crypto projects, stocks, rental properties, etc.  Vacations plans may take a rain check after setting up net worth through growing the funding to reach it's original lottery prize value as mentioned of 2 million into the safe-net escrow account.  This can be where it can be fast or slow in the growth, but as we all know, we do our due diligence when researching crypto projects and whichever one will fulfill our financial plans along with supporting the blockchain.

As we reach the point in which the original lottery earning of 2 million usd from this post a variety of conservative ideas will be added to my plan.  We already own a home, but still have a mortgage which we can keep for tax purpose or pay off for equity in business ventures such as rental properties.  I may max out my energy credits by fulfilling the checklist to make my home energy efficient with solar panels, water collecting rain water drains, and a few vegetable/herb garden beds.  As mentioned taking my family to vacation trips would require implementing the concept to a business strategy.  Possibly pursue a hobby in blogging and utilize the time to track down conferences near our visit plans example a Fintech conference in Florida near Disney, or a crypto project convention in Japan, Korea, Philippines, etc.  A lot of ideas are coming to play preserve and grow back the initial lottery winning value, but in reality, there is still work involved with winning the lottery of just 2 million...which might be 1.2 million after taxes and might be 10 million after building the portfolio after the first year work planning.

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May 13, 2017, 11:59:08 AM
 #93

I wouldn't spend my time in front of PC working anymore.
That's one.
I would enjoy life... till I spend 50%. After I'll start working again Smiley

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Question123
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May 13, 2017, 01:30:49 PM
 #94

For me if i won in the lottery worth 2 million dollars I think the 25% for this I will invest to the stock market because if do that my money grow. 25% for my cars, new house, buiness. 25% is for my family because I want to help them . And the last 25% is for my savings in bank unless all my business become bankcrupt I have support. I think I will build create more business in that amount. But I cannot try to play lotto because the luck you can win that is very very very low I think 1 in a one hundred million people are lucky.

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DiceVSDice.com
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May 13, 2017, 03:28:23 PM
 #95

In my country the value of the houses, just make getting worse every year. So I guess the first
thing I was do is to buy a nice house, But of course A good part from the money will be to invest.
fery1985
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May 13, 2017, 03:35:03 PM
 #96

I will invest 40% of that money very intelligently so that it will great returns in future. Remaining 60% i will donate to the needy one which makes me happy and invest in the hapiness is the best investment.
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June 19, 2017, 05:01:14 PM
 #97

If I won the lottery I would buy some apartments, obviously one would be for me, the others I would rent them and I would not have to work anymore  Tongue
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June 19, 2017, 05:09:28 PM
 #98

I would just go and invested the money in Bitcoin, Ethereum and Riple.

And wait for the next 10 years to see my profits skyrocketed and hit sky Grin

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June 19, 2017, 06:13:46 PM
 #99

Invest in Ethereum and its assets
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June 27, 2017, 05:37:15 PM
 #100

I would save a lot of it and then use it for good causes to help individual families and people that need help

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